If the CPI Was 128 at the End of 2013

question 16

Multiple Choice

If the CPI was 128 at the end of 2013 and 136 and the end of 2014, what was the inflation rate in 2014?

• A)4.2 percent
• B)5.9 percent
• C)6.25 percent
• D)8 percent
• E)9.4 percent

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Definitions:

Samuel Gompers

An American labor leader and the first president of the American Federation of Labor, who promoted organized labor and labor rights in the late 19th and early 20th centuries.

Class Collaborator

A person from a particular social or economic class who works with members from another class, often in a political or economic context.

Pension Reform

Changes or adjustments made to pension policies to maintain their sustainability, often involving modifications to eligibility, benefits, or funding mechanisms.

Progressive Era

A period of widespread social activism and political reform in the United States from the 1890s to the 1920s, aiming to address issues caused by industrialization.